23 Apr 2025
💊Approval of Sanofi Production Activity in Foreign-Trade Zone 49
Foreign-Trade Zone (FTZ) 49; Authorization of Production Activity; Sanofi US Services Inc.; (Pharmaceutical Products); Ridgefield, New Jersey
Summary
The Department of Commerce's Foreign-Trade Zones Board has authorized Sanofi US Services Inc. to conduct production activities in Ridgefield, New Jersey. This decision, following public comment and regulatory considerations, enables the company to benefit from the FTZ program, potentially affecting trade practices in the pharmaceutical sector.
Agencies
- Commerce Department
- Foreign-Trade Zones Board
Business Impact
$$ - Med
The notification about Sanofi US Services Inc.'s production activity within Foreign-Trade Zone 49 indicates regulatory compliance requirements and potential benefits related to tariffs, making it significant for businesses engaged in manufacturing and international trade.